For the short term bear like myself I have a trade you may find interesting – I am making a small bet that the NASDAQ 100 is not going to make higher highs and surpass 2051. It instead will trend back down to 1960ish.
QID is currently trading at $37.42 which is the ultra short ETF [...]
Could this high flying trend need a temporary rest? Take a look at these charts of First Solar (FSLR), Sunpower (SPWR), and Suntech Power (STP) and see what you think.Or, maybe it is isn’t the group as a whole, but perhaps just the solar stocks within the group? I think this may be the case [...]
Thanks for the emails readers – for those who played ANR with me today you just walked away with roughly 7% on your money if you sell at the current price around $79. Not bad for a single days work huh?
The correct entry point on ANR was with the break of $74, my stop limit [...]
A trend that has been out of favor for the last two weeks is shipping with leading stocks taking a breadth after some huge runs. Now coming off support are these stocks ready to roll once again?
I have the following stock charts here to show you: DryShips (DRYS), Genco Shipping (GNK), and Excel Maritime Shippers [...]
Update 10:43 AM EST: ANR $74.10 buy point triggered. Placing my stop at $72.75. Look for a close above $74 and near session highs to affirm strength.
Real quick here before I head to bed I have a momentum play you may find of interest, Alpha Natural Resources (ANR). The stock is in my current favorite [...]
                I am always interested in what can be learned from reading financial statements. At their core, certain information must be discussed. A company will provide their financial results, accounting assumptions and various details about how their core business is operating. Outside of those numbers, management is given great latitude. Management is given the ability [...]
Rough trading for Fertilizer leaders Potash (POT), CF Industries (CF), and Mosaic (MOS) stocks as short term they have struggled to gain some steam.
MOS and CF have now both fallen below their 50 day moving averages and back into their previous bases, bearish short term. This trend is an avoid for now.
The stock to watch [...]
I just got back from a surprise breakfast with my family (thanks hunny) to find the NASDAQ down over 1% again today. For those like me sitting in 100% cash never has felt so good, read these posts and get yourself updated on what has transpired if you haven’t already:
Market Thoughts, May 22nd
Market Thoughts, Sunday [...]